Exxon Mobil Corp. expects to cut about 300 jobs in the Asian oil-trading hub of Singapore by the end of 2021, part of a global retrenchment that was announced last year.

The planned lay-offs equate to about 7% of its 4,000-strong workforce in the city-state, the company said in a statement. It follows similar announcements in recent months from fellow oil majors Royal Dutch Shell Plc and Chevron Corp., which are also cutting positions in Singapore.

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